1/2 oz Krugerrand gold coin
It weighs in at 16.965 grams, with 11/12ths its weight in gold (15.552 grams) and 1/12th its weight coming from copper, a metal blended with the color to provide the alloy with its characteristic dark-yellow hue recognized worldwide. Aesthetics aside, this purity makes them strong enough to resist denting and scratching, making them more practical than 24 carat coins which require protective packaging.Although, like the one ounce Krugrerrand, the 1/2 oz Krugerrand gold coin is 22 karats, its width and thickness differ. The 1/2 oz Krugerrand measures at 27.07 mm in diameter and 2.215 mm in thickness.
Krugerrands are currently produced by Rand Refinery Ltd., the world"s largest gold refinery. They have recently doubled weekly production of blank gold coins due to global demand for the South African Gold Krugerrand rising to the highest level in 23 years. They are currently producing 20,000 ounces a week of blank gold coins. This drastic rise in demand is directly related to both fear in the global economic crisis and the threat of future U.S. dollar inflation.
The Rand Refinery has produced more than 46 million ounces of Krugerrand since it was first introduced in 1967. It is the first gold coin to contain exactly one ounce of gold. It was created to provide a vehicle for private gold ownership. A 1/2 oz Krugerrand gold coin can be bought and sold thousands of banks and coin dealers throughout the world. It truly holds up to its reputation of being the world"s best way to own gold.
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